Can I retire at age 64 with 681,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $681,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$56,236$55,735$55,247$54,770$54,304$53,251
2 years$27,840$27,321$26,819$26,332$25,859$24,803
3 years$18,375$17,855$17,354$16,871$16,406$15,379
4 years$13,644$13,125$12,629$12,155$11,701$10,711
5 years$10,806$10,290$9,801$9,336$8,895$7,945
6 years$8,915$8,403$7,920$7,466$7,038$6,129
7 years$7,564$7,057$6,582$6,138$5,724$4,857
8 years$6,552$6,049$5,582$5,149$4,749$3,922
9 years$5,765$5,267$4,808$4,386$3,999$3,213
10 years$5,136$4,642$4,191$3,781$3,407$2,661
11 years$4,621$4,133$3,690$3,290$2,930$2,223
12 years$4,193$3,709$3,275$2,886$2,539$1,870
13 years$3,831$3,352$2,926$2,548$2,214$1,582
14 years$3,521$3,047$2,629$2,262$1,941$1,345
15 years$3,252$2,783$2,374$2,017$1,709$1,147
16 years$3,017$2,554$2,152$1,806$1,511$982
17 years$2,810$2,352$1,958$1,623$1,339$842
18 years$2,626$2,173$1,788$1,462$1,191$724
19 years$2,462$2,014$1,636$1,321$1,061$624
20 years$2,315$1,872$1,502$1,197$948$539
21 years$2,181$1,743$1,381$1,086$848$465
22 years$2,060$1,627$1,273$988$761$403
23 years$1,950$1,522$1,176$899$683$349
24 years$1,849$1,426$1,087$820$614$302
25 years$1,756$1,338$1,007$749$552$262
26 years$1,670$1,258$934$685$497$228
27 years$1,591$1,184$867$627$448$198
28 years$1,518$1,115$806$574$405$172
29 years$1,450$1,052$750$527$365$149
30 years$1,386$994$699$483$330$130
31 years$1,327$939$651$444$298$113
32 years$1,272$889$608$408$270$98
33 years$1,220$842$568$375$244$86
34 years$1,171$798$530$345$221$75
35 years$1,125$757$496$318$200$65
36 years$1,082$718$464$293$182$57
37 years$1,041$682$434$270$165$49
38 years$1,002$648$407$249$149$43
39 years$966$616$381$229$135$37
40 years$931$587$357$211$123$33
41 years$898$558$335$195$111$28
42 years$867$532$314$180$101$25
43 years$837$507$295$166$92$22
44 years$809$483$277$153$83$19
45 years$782$461$260$142$76$16
46 years$757$439$244$131$69$14
47 years$732$419$229$121$62$12
48 years$709$400$215$112$57$11
49 years$686$382$202$103$51$9
50 years$665$365$190$95$47$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $681,000, adding $6,249 every year, while hoping to spend $55,337 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 74/15/11 Blend
63$681,000$681,000$681,000$681,000
64$756,908$720,815$710,259$810,852
65$775,234$697,257$675,175$823,753
66$793,575$670,689$637,060$830,356
67$811,874$640,907$595,756$836,062
68$830,066$607,693$551,095$840,764
69$848,078$570,815$502,902$844,347
70$865,828$530,030$450,994$846,685
71$883,222$485,082$395,183$847,640
72$900,157$435,697$335,267$847,060
73$916,514$381,587$271,040$844,783
74$932,163$322,450$202,285$840,629
75$946,957$257,962$128,774$834,400
76$960,730$187,786$50,272$825,884
77$973,299$111,563$0$814,846
78$984,460$28,914$0$804,963
79$993,984$0$0$798,575
80$1,001,615$0$0$799,498
81$1,007,072$0$0$803,403
82$1,010,039$0$0$805,260
83$1,010,167$0$0$804,784
84$1,007,066$0$0$801,658
85$1,000,306$0$0$795,528
86$989,408$0$0$786,004
87$973,840$0$0$772,653
88$953,016$0$0$754,994
89$926,282$0$0$732,495
90$892,918$0$0$704,566
91$852,123$0$0$670,556
92$803,013$0$0$629,741
93$744,609$0$0$581,323
94$675,828$0$0$524,418
95$595,472$0$0$458,049
96$502,218$0$0$381,134
97$394,600$0$0$292,479
98$271,002$0$0$190,764
99$129,636$0$0$74,530
100$0$0$0$0